MF SIP inflows rise 4% to Rs 29,361 cr in Sept

Mutual fund systematic investment plan (SIP) inflows in India rose in September, with investors putting in Rs 29,361 crore, a 4 per cent increase from Rs 28,265 crore in August, according to data released by the Association of Mutual Funds in India (AMFI) on Friday.

Sectoral and thematic funds received a modest inflow of Rs 1,220 crore, while ELSS funds and dividend yield funds experienced outflows of Rs 307 crore and Rs 167 crore, respectively.

Among debt sub-categories, overnight funds, medium to long duration funds, long duration funds, and dynamic bond funds recorded inflows, with overnight funds seeing the highest contribution at Rs 4,279 crore.

Conservative hybrid and arbitrage funds recorded outflows. Other schemes, including index funds and exchange-traded funds (ETFs), performed strongly, with monthly inflows jumping 67 per cent to Rs 19,056 crore in September from Rs 11,436 crore in August.

Overall, open-ended mutual funds saw an outflow of Rs 42,815 crore in September, compared to an inflow of Rs 52,501 crore in August.